Community Housing Network Inc

What it reported doing in 2024

Permanent supportive housing: community housing network (chn) is a nonprofit housing company that develops, owns and manages permanent supportive housing dedicated to vulnerable populations including people with mental health conditions, substance use disorders, and histories of homelessness. Since our beginning in 1987, chn's permanent supportive housing program has proven that vulnerable populations can live successfully in the community when their housing is connected to appropriate supportive services. Chn's housing allows residents to live stably, which in turn has positive effects on their health, productivity and connection to the community. In addition, once stably housed, chn's residents use fewer costly community resources like emergency health care and homeless shelters, generating significant cost savings to public systems. Today, chn provides over 1,600 permanent supportive housing units and is an integral part our community's effort to improve the lives of our most vulnerable citizens.chn provides all residents with a rent subsidy to ensure our housing is affordable, as well as safe, dependable, and well maintained. Chn also offers a continuum of supportive housing service models, including models with 24/7 onsite wellbeing monitoring, onsite services, resident managers and connections to communitybased social, health and employment services. In addition to its own services, chn engages with other service agencies to offer residents more access to behavioral health, wellness and employment services. Success is measured by length of stay in our housing, successful exits, including exits to more independent housing, being connected to asneeded supportive services, and increased income, including through employment. By including a safety net of services in all its housing, chn's housing equips residents with the tools they need to overcome obstacles in their lives and maintain stability. Stability allows residents to gain independence and begin to flourish, increasing their incomes and finding meaningful employment, building sustaining relationships, and reconnecting to their loved ones and communities.

Financial Efficiency

• Mission deployment rate: 52.9%; rating input score 53
• Program expense ratio: 80.1%; rating input score 80
• Fundraising efficiency: $20.65 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 8th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 34.5%; rating input score 90; 90th percentile among comparable filings
• Total-asset coverage ratio: 6.23; rating input score 87; 87th percentile among comparable filings
• Liabilities to assets ratio: 0.08; rating input score 78; 78th percentile among comparable filings
• Officer compensation ratio: 11.8%; rating input score 15; 15th percentile among comparable filings

Growth

• Program expense growth: 1.1% per year; rating input score 100; 15th percentile among comparable filings
• Revenue growth: 0.1% per year; rating input score 100; 9th percentile among comparable filings
• Asset growth: 5% per year; rating input score 100; 35th percentile among comparable filings